Political Theory

Classical liberals of today think that true liberalism was highjacked sometime around the end of the nineteenth century. 

China is undergoing one of the great economic transformations in human history. It has moved from communism toward what it calls "market socialism" at breakneck pace, and enjoyed double-digit economic growth as a result.

The decline in voting signals a quiet revolt against government.

The ten planks and American public life.

Jeffrey Friedman introduces a special issue of his journal devoted to F.A. Hayek with a peculiar claim.

Professor Donald Boudreaux, recently installed as president of the Foundation for Economic Education, is off to a bad start. He offers some thoughts on immigration which to my mind succeed only in darkening counsel on this difficult topic.

As public trust in government has plummeted, and resistance to central rule has grown, officials invent ever-new rationales. Here are just a few of the newest benefits the central state promises us if we relinquish more power to Washington.

Within Marx, Hayek, and Utopia lies a very good book struggling to escape.

John Gray is a hard man to pin down. Just when you think you have understood his position, he declares inadequate what he has advocated only moments before.

At last, the Republican Congress has proposed cutting death taxes. It wants the exemption to be raised from $600,000 to $1 million. Not bad for a start. But if Congress is serious about reducing the tax, the rate should immediately index the exemption to the inflation rate. If the inflation of the last 10 years continues over the next, the $1 million exemption will be worth a third less. Why should the government get rich by mismanaging the monetary system?